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$ 3,900,000
Est. payment | /mo
4,791 Sqft Lot
$ 3,900,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73468877
HOA Y/N false
Year Built 1910
Annual Tax Amount $41,201
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Prime redevelopment & value-add opportunity in the heart of East Boston at 59–63 Meridian St w/additional access from 82 Paris St, steps from Maverick Sq & minutes to the Jeffries Point waterfront. This three-story mixed-use asset totals approx. 15,000 SF & offers exceptional upside for developers, investors & owner-users. MU-5 zoning allows a wide range of potential uses. Conceptual redevelopment plans are in place, providing a head start while preserving flexibility to refine or expand the vision. The property delivers immediate carry income w/two leased retail storefronts on Meridian St & a leased ground-floor office suite w/private entrance at 82 Paris St—offsetting holding costs during planning. The 2nd & 3rd floors are fully vacant, creating a rare opportunity for swift repositioning, phased redevelopment or full-scale transformation. Multiple access points via elevator & stairwells offer exceptional flexibility for future layouts.
Location
State MA
County Suffolk
Zoning C
Direction Maverick Square to Meridian Street
Exterior
Roof Type Rubber
Others
Senior Community false
Listed by Centre Realty Group
Schools and Properties Nearby
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